article thumbnail

Only as Good as Your Data: Why Supply Chain Digital Twins Require Real-Time Data Unification

ToolsGroup

With the advent of true “single source of truth” inventory visibility , a digital twin is a more feasible goal than ever before. In short, they help users make better decisions, much faster, resulting in improved financial performance, inventory efficiency, and customer satisfaction. Get the insights you need.

article thumbnail

Key Insights from NRF 2024: Navigating the Future of Retail

ToolsGroup

Let’s delve into our three key takeaways, recognizing the profound impact of the retail industry on everyone, everywhere, every day. Industry leaders such as Walmart’s U.S. Retail shrink, an enduring issue within the industry, garnered a collective effort to surmount its detrimental effects.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Quietly Growing Conundrum of Online Returns

Logistics Viewpoints

As online shopping continues to grow – retail e-commerce sales are expected to make up nearly a quarter of total retail sales worldwide by 2026 – returns will become more prevalent. The process is inefficient and unpredictable, and leaves retailers with used inventory that oftentimes cannot be resold. In the U.S,

article thumbnail

Trends Transforming Logistics and Supply Chains In the MENA Region in 2023

The Logistics & Supply Chain Management Society

According to the UAE’s Ministry of Economy, the first quarter of 2021 saw the highest amount of quarterly funding raised in the logistics industry in the MENA region over the past 4 years, rising year-on-year by 179 per cent. billion USD by 2026. The Dubai Chamber indicates that UAE’s e-commerce market value is expected to hit 9.2

article thumbnail

Key Tools and Technologies to Build the Warehouse of the Future

DELMIA Quintiq

billion by 2026. Predictive analytics, together with artificial intelligence (AI), can be very effective for recommending optimized inventory levels, replenishing inventory and increasing operational efficiency—as well as for warehouse optimization as a whole. billion in 2020 and is projected to reach USD $14.18

article thumbnail

Comprehensive Guide to Mobile Inventory Management Systems

RFgen

Overview: What is mobile device inventory management? With so much information out there about inventory management best practices, it can be hard to determine what steps to take to make improvements. Mobile inventory systems are a proven “must-have” solution for enhancing materials management. bn through 2026.

article thumbnail

The Biggest Manufacturing Industry Trends in 2022

Unleashed

Global manufacturing trends The Covid pandemic has raged across the world over the last two years, upending the manufacturing industry. But amid crises come opportunities, and the industry has adapted faster to technologies and new ways of working as it reshapes itself for the new world. Industry 4.0 Industry 4.0